Here’s a letter from the owners son:
I am Christian T. Yap, Global Marketing Director for Lancaster Atrium.I am proud to present our latest Product Packaging for Lancaster.
Guaranteed (Minimum) Rental Income*
GRI Units.
Our company, Pacific Concord Properties, Inc. has yet again pioneered anindustry leading innovation found only in our Project Lancaster Atrium
Tower A Tower. We call this the GRI program.
GRI Program:Firstly, the units listed herein are sold Fully Finished, Completely Fitted
in a Luxury Condominium-Hotel Standard, ready for Condominium-Hotel
Operation. This fit-out level includes everything that is required in a
Hotel Suite, in order for the room to be ready for Condominium-Hotel
Operation. This includes finishing, furniture, accessories including even
the bed sheets, towels, plates, cups, glasses, utensils, etc.
As evidence of our commitment to ensure the success of the Lancaster Atrium
Tower A Condominium-Hotel Operation, we have undertaken a Bold Step of
Guaranteeing A Minimum Rental Income for the said GRI units.
A first in the Philippine Real Estate Industry:
*Guaranteed Minimum Rental Income of P600/Square Meter/Month for A Period of 5 Years
*Guaranteed Rental Income for A period of 5 Years, Gross of Association Dues and Withholding Taxes of 5%.
Other Developers give empty promises of Lessees, Rental Income, and Cash
Flow. But we are the first and only Developer to Guarantee it.
Commercial Lease Rates for Retail Spaces at other CBD’s have a Basic Lease
rate of about P600 to P750/Square Meter. This means that with our GRI
program, the Lancaster Investor can be assured of a commercial lease rate
comparable to that of premium retail/commercial spaces in prime areas.
Investors must also note that the said Guarantee is a minimum guarantee.
This means that during peak or high occupancy months wherein the hotel
occupancy merits a higher return per square meter than P600, the excess
would still be given to the investors and Condominium – Hotel unit owners.
CALL TO RESERVE NOW! 994.8103 0922.8225798
Computation:
Unit: 2708B
Size: 28.27 Sqm.
Price: P3,221,875.36
Reservation Fee: P25,000.00
10% DP: P319,687.54
5% on Month 2: P159,843.77
5% on Month 3: P159,843.77
Balance Payable in 48 Equal Monthly Payments of: P53,281.26/Month
GRI:
MINIMUM Rental Income: P16,962/Month
RENTAL INCOME @ 90% Occupancy Rate: *P25,471.27/Month
Pagcor Gaming and entertainment Operation:
Lancaster Atrium is adjacent to the pioneer project Lancaster Suites.
Lancaster Suites has been given Barangay, Mayor’s, and Church Permits for A Pagcor
Licensed Gaming and Entertainment Operation to be located at the lower ground and the
mezzanine. Target finalization and signing with Pagcor is slated for May, 2011.
The Casino Floors that will be integrated with a Ballroom Dancing Club will have an
aggregate area of almost 1500 square meters.
This added feature would certainly improve the traffic of hotel guests for The Lancaster
Shaw Hotel Complex and would further solidify the superb occupancy rates that the hotel
would enjoy for the coming years.
The Gaming and Entertainment feature would be allow the Hotel to enjoy a Durable and
long term competitive advantage, it being the only hotel in Central Metro Manila that would
have a Pagcor-Licensed Gaming and Entertainment Operation. (Pasig, San Juan, QC,
Mandaluyong)
Please do not hesitate to email me should you have any questions or clarifications.
I hope that the above merits your approval.
Thank you very much.
Best Regards,
Christian T. Yap
Vice President for Contracts and Awards
Pacific Concord Properties, Inc.
